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Old 6th June 2019, 10.31:56   #51-0 (permalink)
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Default Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes

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Originally Posted by John Neals Dynasty View Post
True But as to learn from history did we learn the mistakes from Hamilton to follow up with Moss?

Off subject I know have we learnt from history when we commemorate the D Day landings with the far right on the rise.
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The members didn't make the mistake, it was down to the administrator.
In hindsight it should have been a requirement to ensure some protection to ensure that the ground stayed in a football club trust or something similar.
Old 6th June 2019, 10.33:22   #52-0 (permalink)
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Default Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes

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Vote for the resolution then.
Of course. However I have a feeling there will only be us 2 voting in favour!
Old 6th June 2019, 10.34:14   #53-0 (permalink)
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Default Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes

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Originally Posted by WAFCExile View Post
The club is worth much more than £1m.
I'm not sure it is. However even if it was, I would want a proportionate stake in the club for the £ put in.
Old 6th June 2019, 10.45:49   #54-0 (permalink)
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Default Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes

I have no idea what his (Bryn Law's) agenda is but I would preach caution. We can argue the point about NDA's forever (and already have) but IMO a serious investor would not be deterred by what is currently in place.
Old 6th June 2019, 10.45:49   #55-0 (permalink)
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Default Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes

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I'm not sure it is. However even if it was, I would want a proportionate stake in the club for the £ put in.
The members have contributed in excess of £1million already. Any potential buyer / investor would have to, as a minimum requirement match that and commit to running the club sustainably to ensure that we remain debt free.
This would ensure that if the new investor was to do a runner we could take up where we left off with money in the bank.
Old 6th June 2019, 10.48:18   #56-0 (permalink)
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Default Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes

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The members have contributed in excess of £1million already. Any potential buyer / investor would have to, as a minimum requirement match that and commit to running the club sustainably to ensure that we remain debt free.
This would ensure that if the new investor was to do a runner we could take up where we left off with money in the bank.
That is not how business works. You don't go to investors and ask for the money you invested back. An investor will pay based on what the business is currently worth and maybe a premium based on potential growth. If the business is worth £1million then great, if it isn't and we have spent our Trust invested funds badly then we can't expect to get £1m for a business valued at say £500k
Old 6th June 2019, 10.54:21   #57-0 (permalink)
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Default Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes

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Originally Posted by Haruki View Post
That is not how business works. You don't go to investors and ask for the money you invested back. An investor will pay based on what the business is currently worth and maybe a premium based on potential growth. If the business is worth £1million then great, if it isn't and we have spent our Trust invested funds badly then we can't expect to get £1m for a business valued at say £500k
Understand your point but this isn't like any other business.
If a new owner were to run the debts up without the trust having the resourses or protection to restart the business when it went @tits' up then the membership would be rightly pissed off.
The business in this case is what it's worth to us.
Old 6th June 2019, 10.56:08   #58-0 (permalink)
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Default Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes

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Understand your point but this isn't like any other business.
If a new owner were to run the debts up without the trust having the resourses or protection to restart the business when it went @tits' up then the membership would be rightly pissed off.
The business in this case is what it's worth to us.
but that isn't what it is worth to the investor so it is irrelevant
Old 6th June 2019, 10.58:52   #59-0 (permalink)
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Default Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes

The board don't want any approaches from outside investors to buy all or part of the club, it would be turkeys voting for Xmas. I can fully understand this due to our recent past.

The problem at the moment is that as members we don't get reliable information regarding issues that impact on our club.

The difference between the early meetings at the miners and other venues and meetings now is stark. Even though there were strong rumours of an offer for the club being turned down before the meet the manager event with BH no information was passed on to the members. Some of the attendees seemed to know some details but the rest of us were not informed. This leaves you feeling that we are being kept in the dark and fed on Sxxt.

If the board wanted to they could make a counter resolution setting a lower figure than the existing but one that was more realistic than the £2k, however why would they they don't want any approach from outside investors.
Old 6th June 2019, 10.58:54   #60-0 (permalink)
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Default Re: Bryn Law puts forward 'Gate Approval Process' changes and NDA changes

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Originally Posted by moynkeepthefaith View Post
I have no idea what his (Bryn Law's) agenda is but I would preach caution. We can argue the point about NDA's forever (and already have) but IMO a serious investor would not be deterred by what is currently in place.
Are we talking about Bryn Law ex president of WST?
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